Prologis Declares Quarterly Dividend

Segro published a Scheme Document outlining the terms of its acquisition by Prologis, Inc. The document includes details on the shareholder meetings, scheduled for September 28, 2026, and a provisional timetable for the transaction's completion in early 2027. The deal, announced on August 4, 2026, offers shares with a partial cash alternative.

SEGRO PLC has published a scheme document for its recommended share offer with a partial cash alternative by Prologis, Inc. The deal, subject to shareholder and court approval, aims to acquire SEGRO's entire share capital. The scheme document outlines the terms, conditions, and timetable for the proposed combination, with meetings scheduled for 28 September 2026.

Prologis (NYSE:PLD) is acquiring SEGRO (OTC:SEGXF) for $18.8B, with a 68.4% dividend payout ratio. Prologis issued 17.25M additional shares in August, increasing its share count by 1.85%. The acquisition will add 93.9M new shares, potentially impacting dividend coverage. Prologis expects a neutral to minimally dilutive impact on Core FFO per share post-closing.

The Vanguard Group, Inc. disclosed a 1% or greater interest in Prologis, Inc. securities under Rule 8.3 of the Takeover Code, detailing positions and dealings. No specific transactions or agreements were mentioned.

The Vanguard Group, Inc. disclosed a Form 8.3 filing regarding Prologis, Inc. The filing details positions and dealings in Prologis' relevant securities, including purchases, sales, and derivative transactions. The disclosure is made under Rule 8.3 of the Takeover Code, with no indemnity or other dealing arrangements reported.

Prologis (NYSE:PLD) priced an underwritten public offering of 15 million common shares, raising about $2.1 billion in gross proceeds before expenses, with an expected close on Wednesday. Underwriters J.P. Morgan and BofA Securities also have a 30-day option for up to 2.25 million more shares. Net proceeds will go to its operating partnership for general corporate purposes, including potential acquisitions such as SEGRO, though no deal is assured.